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Everyone, it seems accepts the result of the recent US elections, except the President and half of the GOP. Convinced of his own meritless delusions of fraud and other voting chicanery, he now pursues a policy of obfuscation, denial of service and general spite while mad dog Giuliani and even madder Sidney Powell pursue laughable cases in various courts in the vainglorious expectation that 6 million perfectly legal votes will somehow be annulled/ cancelled and cease to exist. This is not to be, though the only realists in the GOP are keeping their own counsel on the subject, thereby enabling the Presidents' persistent delusions. That's the problem when you believe your own propaganda, it is easy to become confused with reality. Apart from hiding rotten fish behind the radiators of the White house and carving his name on the Resolute desk, soon to be ex president Trump is doing his best to make the transition for "sleepy" Joe as difficult as he can. This includes a tacit refusal to provide more stimulus. He has instructed Steve Munchkin to end funding for various emergency programs to the tune of $438 billion., thereby hampering the incoming Treasury secretary before he/she even walks through the door. This has rightly upset Jerome Powell who has the interest of the US economy as his overarching priority. Unfortunately, the President is unmoved by the needs of the American public as he feels they have betrayed him. Why reward treachery? Trump is known for his heartless ardour when crushing those he deems as unworthy, which in this case is the American people as a whole, overcome as he is with nihilistic zeal. Playing golf while ignoring a health crisis , at the same time as full denial in the face of outright defeat, does not an effective president make. Indeed, might I venture his very legacy as president and future GOP kingmaker hang very much in the balance, indeed may have been irretrievably lost. Like Trump, lost with nowhere to go. Though he will surely be welcomed in Turkey, Russia, not to mention North Korea. The markets really want to break higher and gap up to new ATH's but Trumps intransigence, denial (of Covid and the election results) and general spite ( no new stimulus)are causing a state of intermarket bearish divergence, with the SP and Nasdaq refusing to break into new ATHs(all time highs). I guess we will have to wait until he is forced out come 20th Jan. -
By Caseynotes · Posted
Good article (new) on strategy planning and testing from Steve Burns. https://www.newtraderu.com/2020/10/25/how-to-create-backtest-and-optimize-a-trading-strategy/ "A trading strategy is the process used to enter and exit positions in a market based on quantified signals on when to buy and sell. A trading strategy will have trading plan to express a methodology that defines a trader’s return goals, risk tolerance, and time frame. A successful strategy should have an edge expressed in how trades are entered and managed to maximize gains and minimize losses." -
By Caseynotes · Posted
(not the cost of Covid-19 but the cost of the govt's disastrous response to a virus that's no more deadly than the common flu) The REAL cost of Covid-19: RUTH SUNDERLAND's terrifying dossier exploring the full economic damage will make you ask... can we afford to keep the brakes on Britain? National debt more than £2 trillion, equivalent of year’s output by entire country Borrowing from April to October was £170 billion higher than period in 2019 Bank of England believes unemployment rate will to peak at around 7.75 per cent https://www.dailymail.co.uk/news/article-8975765/The-true-cost-Covid-19-Read-RUTH-SUNDERLANDs-terrifying-dossier-economic-damage.html?ito=amp_twitter_share-top
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